Jensen Huang, president and CEO of Nvidia, speaks during the Computex Show in Taipei on May 30, 2017.
SAM YEH | AFP | Getty Images
Here are the most important things to know about Wednesday before you hit the door.
1. PepsiCo earnings
is on deck to report earnings before the bell on Thursday. Investor optimism is rising ahead of the results as shares of food and drink conglomerate on Wedneday hit an all-time high going back to Pepsi-Cola’s merger with Frito-Lay in 1965 to form PepsiCo.
Analysts are expecting PepsiCo to have earned $1.44 per share in the fourth quarter, slightly down from the $1.49 per share earned in the same quarter a year ago, according to FactSet.
PepsiCo’s increased spending on marketing and advertisingas brands including Gatorade saw sales growth. Shares of PepsiCo are up nearly 7% in 2020 and they returned 23% last year.
2. Nvidia also reports
is scheduled to report earnings after the bell on Thursday. The chipmaker’s stock is trading near its record ahead of the earnings, pushing the semiconductor industry to all-time highs.